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Reply to "WWYD - bankrupt IL"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think Florida is a really good state to declare bankruptcy and keep your house. I remember that’s why OJ moved to Florida because creditors couldn’t touch his house. You need to consult with an elder care lawyer based in Florida! [/quote] I is not just Florida LOL omg how are people so dumb.[/quote] IDK, how are they? Bankruptcy laws are federal *but exemptions are governed by state law* Florida has one of the most generous homestead exemptions: Under Florida bankruptcy laws you are allowed to exempt an unlimited amount of value in your home or any other property which is covered by the homestead exemption. Restrictions: the property may not be bigger than half an acre in a municipality, or 160 acres elsewhere. If owned less than 1,215 days before you file for your Florida bankruptcy, Federal exemption applies. Meanwhile if you’re in PA or NJ, tough luck! No exemption for you[/quote]
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